U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

    [X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 2004

                                       OR

   [  ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

             For the transition period from __________ to __________

                         Commission File Number 0-20259

                     INTERNET BUSINESS'S INTERNATIONAL, INC.
        (Exact name of small business issuer as specified in its charter)



          NEVADA                                          33-0845463
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation  or  organization)

                          10120 S. EASTER AVENUE, #200
                             HENDERSON, NEVADA 89052
                    (Address of Principal Executive Offices)

                                 (775) 588-2387
                           (Issuer's telephone number)


Indicate  by  check  mark  whether  the  registrant:  (1)  has filed all reports
required  to  be  filed by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the  preceding  12  months  (or  for  such shorter period that the
registrant  was required to file such reports), and (2) has been subject to such
filing  requirements  for  the  past  90  days:  Yes  [X]  No  [  ].

Indicate the number of shares outstanding of each of the registrant's classes of
common  stock  as of the latest practicable date: 1,018,664,410 shares of common
stock,  $0.001  par  value,  as  of  March  31,  2004.


<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                                   FORM 10-QSB

                      FOR THE QUARTER ENDED MARCH 31, 2004
<TABLE>
<CAPTION>
                                                   TABLE OF CONTENTS


   PART  I.        CONDENSED  CONSOLIDATED  FINANCIAL  INFORMATION
                                                                                                                PAGE
                                                                                                                ----
<S>                <C>                                                                                          <C>
   Item 1          Condensed Consolidated Financial Statements

                   Condensed Consolidated Balance Sheets
                   March 31, 2004 and June 30, 2003                                                                3

                   Condensed Consolidated Statements of Operations
                   Nine months ended March 31, 2004 and 2003                                                       4

                   Condensed Consolidated Statements of Cash Flows
                   Nine months ended March 31, 2004 and 2003                                                       5

                   Notes to Condensed Consolidated Financial Statements                                         6-19

   Item 2          Management's Discussion and Analysis of Financial
                   Condition and Results of Operations                                                         20-23

   Item 3          Controls and Procedures                                                                        23

   PART II         OTHER INFORMATION                                                                               *

   Item 1          Legal Proceedings                                                                              24

   Item 2          Changes in securities                                                                          24

   Item 3          Defaults Upon Senior Securities                                                                24

   Item 4          Submission of Matters to a Vote of Security Holders                                            24

   Item 5          Other Information                                                                              24

   Item 6          Exhibits and reports of Form 8-K                                                               25

                   Signatures                                                                                     25
</TABLE>


                                        1
<PAGE>

                                     PART I


                              FINANCIAL INFORMATION



ITEM  1.  FINANCIAL  STATEMENTS

The consolidated financial statements of Internet Business's International, Inc.
and  subsidiaries  (collectively, the "Company"), included herein were prepared,
without  audit, pursuant to rules and regulations of the Securities and Exchange
Commission.  Because  certain  information  and  notes  normally  included  in
financial statements prepared in accordance with accounting principles generally
accepted  in  the United States of America were condensed or omitted pursuant to
such  rules  and  regulations,  these  financial  statements  should  be read in
conjunction  with  the  financial  statements  and notes thereto included in the
audited  financial  statements  of the Company as included in the Company's Form
10-KSB  for  the  year  ended  June  30,  2003.


                                        2
<PAGE>

<TABLE>
<CAPTION>

                              INTERNET BUSINESS'S INTERNATIONAL, INC.
                                    CONSOLIDATED BALANCE SHEETS

                                                                           March 31,     June 30,
                                                                              2004         2003
                                                                          ------------  -----------
                                                                          (unaudited)
<S>                                                                       <C>           <C>
                                               ASSETS
  Current Assets
       Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $     2,233   $    1,389
                                                                          ------------  -----------
            Total Current Assets . . . . . . . . . . . . . . . . . . . .        2,233        1,389

  Property and equipment, net (Note 3) . . . . . . . . . . . . . . . . .       51,477      940,930
  Intangible assets, net (Note 3). . . . . . . . . . . . . . . . . . . .       85,198      554,692
  Investment in unconsolidated company (Note 3). . . . . . . . . . . . .    1,078,243    1,151,332
                                                                          ------------  -----------
            Total Assets . . . . . . . . . . . . . . . . . . . . . . . .  $ 1,217,151   $2,648,343
                                                                          ============  ===========

                           LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
  Current Liabilities
       Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . .  $   542,557   $  403,821
       Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . .      783,370      783,370
       Current portion of long-term debt . . . . . . . . . . . . . . . .      214,594      115,430
                                                                          ------------  -----------
            Total Current Liabilities. . . . . . . . . . . . . . . . . .    1,540,521    1,302,621

  Long term debt, less current maturities. . . . . . . . . . . . . . . .    2,031,687      976,469

  Commitments and contingencies

  Stockholders' Equity (Deficit)
    Preferred stock 10,000,000 shares authorized at $0.001 par value;
      1,029,231 and 0 issued and outstanding at March 31, 2004 and June
      30, 2003, respectively. *. . . . . . . . . . . . . . . . . . . . .        1,029            -
    Common stock, 2,000,000,000 shares authorized at $0.001
      par value; issued and outstanding 1,018,664,410 at March
      31, 2004 and 178,273,603 at June 30, 2003. . . . . . . . . . . . .    1,018,665      178,274
  Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . .    6,918,576    6,918,576
  Accumulated deficit. . . . . . . . . . . . . . . . . . . . . . . . . .  (10,293,327)  (6,727,597)
                                                                          ------------  -----------
            Stockholders' Equity (Deficit) . . . . . . . . . . . . . . .   (2,355,057)     369,253
                                                                          ------------  -----------
            Total Liabilities and Stockholders' Equity . . . . . . . . .  $ 1,217,151   $2,648,343
                                                                          ============  ===========
</TABLE>

     *  As  of  the  date  of  this  filing, 1,029,231 shares of preferred stock
remain  in escrow pursuant to the Collateral Loan Agreement entered into between
the  Issuer  and  Mercatus  Partners  Limited,  on  or  about  March  31,  2003.

                        SEE NOTES TO FINANCIAL STATEMENTS


                                        3
<PAGE>

<TABLE>
<CAPTION>

                               INTERNET BUSINESS'S INTERNATIONAL, INC.
                                CONSOLIDATED STATEMENTS OF OPERATIONS

                                                For the Three Months Ended  For the Nine Months Ended
                                                         March 31,                   March 31,
                                                    2004          2003          2004          2003
                                                ------------  ------------  ------------  ------------
                                                (unaudited)   (unaudited)  (unaudited)   (unaudited)
<S>                                             <C>           <C>          <C>           <C>
  Sales revenues . . . . . . . . . . . . . . .  $         -   $   106,632  $          -  $    778,874

  Cost of sales. . . . . . . . . . . . . . . .            -        22,500             -        45,000
                                                ------------  ------------  ------------  ------------

  Gross profit . . . . . . . . . . . . . . . .            -        84,132             -       733,874

  Selling, general and administrative expenses      283,649       867,205       632,227     2,282,647
  Depreciation and amortization. . . . . . . .      320,752       382,764     1,166,943     1,540,976
                                                ------------  ------------  ------------  ------------
                                                    604,401     1,249,969     1,799,170     3,823,623

      Loss from operations . . . . . . . . . .     (604,401)   (1,165,837)   (1,799,170)   (3,089,749)

  Other income and expenses
      Other income . . . . . . . . . . . . . .      653,506             -       571,911             -
      Other expenses . . . . . . . . . . . . .     (887,157)            -    (2,336,393)     (482,736)
                                                ------------  ------------  ------------  ------------

  Net loss . . . . . . . . . . . . . . . . . .  $  (838,052)  $(1,165,837)  $(3,563,652)  $(3,572,485)
                                                ============  ============  ============  ============

  Net loss per common share. . . . . . . . . .  $   (0.0010)  $   (0.0171)  $   (0.0042)  $   (0.0523)
                                                ============  ============  ============  ============

  Weighted average shares outstanding. . . . .  850,469,006    68,272,603   850,469,006    68,273,603
                                                ============  ============  ============  ============
</TABLE>
                        SEE NOTES TO FINANCIAL STATEMENTS


                                        4
<PAGE>

<TABLE>
<CAPTION>
                           INTERNET BUSINESS'S INTERNATIONAL, INC.
                            CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                                    For the Nine Months Ended
                                                                           March 31,
                                                                       2004         2003
                                                                    -----------  -----------
                                                                    (unaudited)  (unaudited)
<S>                                                                 <C>          <C>
  Operating Activities
----------------------
     Net loss from continuing operations . . . . . . . . . . . . .  $ (838,052)  $(1,165,837)
     Adjustments to reconcile net loss to net cash provided
        (used) by operating activities:
     Depreciation and amortization . . . . . . . . . . . . . . . .     320,752       382,764
     Changes in operating assets and liabilities:
     (Increase) decrease in accounts receivable. . . . . . . . . .           -       (10,986)
     (Increase) decrease in inventory. . . . . . . . . . . . . . .           -       (44,287)
     Increase (decrease) in accounts payable and accrued expenses.           -       767,206
     Increase (decrease) in accrued liabilities. . . . . . . . . .     325,909
     Increase (decrease) in deferred revenues. . . . . . . . . . .           -       (41,427)
                                                                    -----------  ------------
     Net cash provided (used) by operating activities. . . . . . .    (517,300)      213,342

  Investing Activities
----------------------
     Purchases of property and equipment . . . . . . . . . . . . .       3,800             -
     Investments in unconsolidated company-notes or stocks . . . .     178,607             -
                                                                    -----------  ------------
     Net cash provided by investing activities . . . . . . . . . .     182,407             -

  Financing Activities
----------------------
     Net repayment of long-term debt . . . . . . . . . . . . . . .           -      (200,000)
     Issuance of common stock. . . . . . . . . . . . . . . . . . .     336,931       (65,139)
                                                                    -----------  ------------
     Net cash provided (used) by financing activities. . . . . . .     336,931      (265,139)
                                                                    -----------  ------------

     Increase (decrease) in cash . . . . . . . . . . . . . . . . .       2,038       (51,797)
     Cash at beginning of period . . . . . . . . . . . . . . . . .         195        53,113
                                                                    -----------  ------------
     Cash at end of period . . . . . . . . . . . . . . . . . . . .  $    2,233   $     1,316
                                                                    ===========  ============

  Supplemental Disclosures of Cash Flow Information:
    Cash paid during year for:
       Interest                                                     $            $
                                                                    ===========  ============
       Income taxes (benefits)                                      $            $
                                                                    ===========  ============
</TABLE>
                        SEE NOTES TO FINANCIAL STATEMENTS


                                        5
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  1-     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

          DESCRIPTION  OF  BUSINESS  AND  CHANGE  IN  CONTROL

          Prior  to  December  31, 1997, Internet Business's International, Inc.
          (the  "Company"  and  "IBII")  was  in  the food product manufacturing
          business formerly known as "International Food and Beverage, Inc.". In
          November  1998,  new  stockholders  bought  majority  control from the
          previous  Chief  Executive  Officer  through  a  private  transaction.
          Immediately  thereafter,  the  former  CEO  resigned  and  the  new
          stockholders  assumed the executive management positions. In December,
          1998, after new management was in place, a decision was made to change
          the  Company's  principal  line of business from manufacturing to high
          technology.  The  Company  changed  its name from International Food &
          Beverage,  Inc.  to  Internet  Business's  International,  Inc.,  and
          reincorporated the Company on December 8, 1998 in the state of Nevada.
          During  1999,  the  Company  announced  the  opening  of  it's  first
          e-commerce  site  and  engaged  in  the  development,  operation  and
          marketing  of  a  number  of  commercial  activities.  The  Company's
          subsidiaries Lending on Line ( wireless high speed Internet access and
          Internet web design and hosting), E-commerce (providing auction sites,
          B2C  and  B2B  Internet  transactions,  and  reverse auction sites for
          Europe  and  the United States) and Direct Marketing (providing direct
          marketing  of  long  distance  phone services, computers with Internet
          access,  wireless  high  speed  Internet  access  and  bandwidth,  and
          Internet  web  design  hosting).  The Company ceased operations during
          fiscal  year  ended  June  30,  2003.


          BASIS  OF  PRESENTATION

          The  consolidated  financial  statements  include  the accounts of the
          Company  and  its  wholly owned subsidiaries. Significant intercompany
          balances  and transactions are eliminated in consolidation. Affiliated
          companies  in  which  the Company does not have a controlling interest
          are  accounted  for  using  the  equity  method.


          USE  OF  ESTIMATES

          The  preparation  of financial statements in conformity with generally
          accepted  accounting  principles requires management to make estimates
          and  assumptions  that  affect  the  reported  amounts  of  assets and
          liabilities  and  disclosures  of contingent assets and liabilities at
          the  date  of  the  financial  statements  and the reported amounts of
          revenues  and  expenses  during  the  reporting period. Actual results
          could  differ  from  those  estimates.


                                        6
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  1-     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

          CASH  AND  CASH  EQUIVALENTS

          The  Company  considers all short-term, highly liquid investments with
          an  original  maturity  date  of  three  months  or  less  to  be cash
          equivalents.


          PROPERTY  AND  EQUIPMENT

          Property  and  equipment  is  stated at cost and depreciated using the
          straight-line  method  over  the  estimated useful life of the assets,
          which  is  generally  five  years  for  computers and computer related
          equipment and seven years for furniture and other equipment. Leasehold
          improvements  are  amortized  using  the straight-line method over the
          shorter  of  their  estimated  useful  lives or the term of the lease,
          ranging  from  one  to  ten  years.


          INTANGIBLE  ASSETS

          Intangible  assets  consist  primarily  of  acquired  customer  bases,
          long-term  marketing  agreements,  goodwill, and other items. Customer
          bases  acquired  directly  are valued at cost, which approximates fair
          value at the time of purchase. When material intangible assets such as
          customer  bases  and  goodwill  are  acquired  in conjunction with the
          purchase of a company, IBII undertakes a study by an independent third
          party  to  determine the allocation of the total purchase price to the
          various  assets  acquired  and  the  liabilities  assumed.  The  costs
          assigned  to  intangible assets are being amortized on a straight-line
          basis  over  the  estimated  useful  lives  of the assets, which is 36
          months  for  substantially all remaining intangible assets as of March
          31,  2004.  Goodwill  and  other  intangible  assets  are periodically
          reviewed  for  impairment  to  ensure  they  are appropriately valued.
          Conditions  that  may  indicate  an impairment issue exists include an
          economic  downturn,  changes  in  the  churn  rate of subscribers or a
          change  in  the  as  methodologies,  including  cash  flow  analysis,
          estimates  of  sales  proceeds  and  independent  appraisals.

          ADDITIONAL  PAID  IN  CAPITAL

          In April of 2003 the par value of the Company's stock was changed from
          $.01  per share to $.001 per share. The net difference of $704,462 was
          included  in  paid-in  capital.


                                        7
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  1-     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

          In  May  of  2002  a one for ten reverse stock split became effective.
          This  was  the  first  part  of  a  Securities  Purchase  Agreement in
          conjunction  with  a stock registration. The Company received $120,000
          as  a loan to be paid with the registration of stock during the fiscal
          year.  Due  to  the  price  drop  in  the stock after the reverse, the
          registration did not occur. The Loan proceeds were booked as long-term
          debt. The difference of shares issued and outstanding in the amount of
          $2,544,624  was included in additional paid-in capital. In March 2000,
          the  Company  issued  an  additional 7,000,000 shares of the Company's
          common  stock  in  a  private  placement to a qualified investor which
          provided  $3,382,560  to  the  Company.


          USE  OF  ESTIMATES

          The  preparation of financial statements in conformity with accounting
          principles generally accepted in the United States requires management
          to  make estimates and assumptions that affect the reported amounts of
          assets  and  liabilities  and  disclosures  of  contingent  assets and
          liabilities  at the date of the financial statements, and the reported
          amounts  of  revenue and expenses during the accounting period. Actual
          results  could  differ  from  those  estimates.


          REVENUE  RECOGINTION  AND  FINANCIAL  STATEMENTS

          Sales  are  recognized  at  the  time  of  service  to  customers.

          In December 1999, the Securities and Exchange Commissions (SEC) issued
          Staff  Accounting  Bulletin  (SAB)  No.  101,  "Revenue Recognition in
          Financial  Statements."  Which  provides  guidance  related to revenue
          recognition.  The  Company  has  adopted  SAB 101 and it has not had a
          material  impact  on  the Company's consolidated financial position or
          results  of  operations,  nor did it result in the Company reporting a
          change  in  accounting  principles  from  its  application.


          ADVERTISING  COSTS

          The  Company  expenses  all  advertising  costs  as  incurred.

          CONCENTRATION  OF  CREDIT  RISK

          The  Company  is  subject  to  credit  risk through trade receivables.
          Monthly  Internet  access  fees  and  web  hosting  are  billed to the
          customer's  credit  card,  thus  reducing the credit risk. The Company
          routinely assesses the financial strength of significant customers and
          this  assessment,  combined  with  the  large  number  and  geographic
          diversity of its customers, limits the Company's concentration of risk
          with  respect  to  trade  accounts  receivable.


                                        8
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  1-     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

          INCOME  TAXES

          The  Company  accounts  for income taxes under the asset and liability
          approach  where deferred income tax assets and liabilities reflect the
          future  tax  consequences, based on enacted tax laws, of the temporary
          differences  between  financial and tax reporting at the balance sheet
          date.


          EARNINGS  (LOSS)  PER  SHARE

          Basic earnings (loss) per share is based on the weighted effect of all
          common  shares  issued  and outstanding, and is calculated by dividing
          net  income  by  the  weighted  average  shares outstanding during the
          period.  Diluted  earnings  (loss) per share is calculated by dividing
          net income by the weighted average number of common shares used in the
          basic  earnings per share calculation plus the number of common shares
          that  would  be issued assuming conversion of all potentially dilutive
          common  shares  outstanding. Dilutive earnings (loss) per share is not
          presented  since  diluted  securities  have  an  anti-dilutive effect.


     NOTE  2-     BUSINESS  COMBINATIONS

          The  Company's business combinations have been accounted for using the
          purchase  method  and,  accordingly,  the total purchase price of each
          acquired  company was allocated to the tangible assets and liabilities
          and  identifiable  intangible  assets  based  on  their estimated fair
          values  as of the closing date of the acquisition. The excess purchase
          price  over  fair value is recorded as goodwill. Results of operations
          for the acquired companies are included prospectively from the date of
          acquisition.

          In  June  1999,  the  Company  acquired the assets of L.A. Internet, a
          southern  California  based  Internet Service Provider, which included
          customer accounts, trade name, websites, etc. for $545,000 in exchange
          for  a reduction of the Note Receivable from Iron Horse Holdings, Inc.
          (see  Preferred  Stock  Note  7).

          In  July  1999, the Company acquired MBM Capital Group for $72,000 and
          112,667  shares  of  restricted common stock valued at $1,127. MBM was
          sold  during the fiscal year of acquisition for a $150,000 note. After
          the  sale  MBM  ceased  operations  and the Company considers the note
          valueless.

          In  August  1999,  the  Company  acquired  the website, Net 2 Loan, an
          on-line  loan  processing  website,  for  400,000 shares of restricted
          common  stock  valued  at  $4,000.

          In  November  1999, the Company acquired an e-commerce website Optical
          Brigade,  an  on-line sunglass distribution website, for 50,500 shares
          of  restricted  common  stock  valued  at  $50,500.


                                        9
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  2-     BUSINESS  COMBINATIONS  (CONTINUED)

          In December 1999, the Company entered into a service agreement with an
          auction  company  to market its services on the Internet for 6,000,000
          shares  of  its  common  stock  valued  at  $60,000.

          In  February 2000, the Company acquired the assets and assumed certain
          liabilities  of Direct Communications, Inc., a wireless communications
          company. In addition to assuming certain liabilities, the Company paid
          $80,000  cash  and  issued  30,000  shares of restricted company stock
          valued  at  $300.  Intangible assets purchased totaled $265,000, which
          consisted  of  customer  lists,  website and workforce-in-place and is
          being  amortized  over  5  years.  These  assets  and liabilities were
          transferred  to  the  newly  formed and wholly owned subsidiary of the
          Company,  Allstates  Communications  Inc.

          In  March  2000, the Company acquired 80% of the outstanding shares of
          Global  GPP  for  $500,000.  Global  GPP  owns  a business-to-business
          website,  equipment  and  has strategic agreements with IBM Hungary to
          market  business-to-business  services  in  Eastern  Europe.

          In  March  2000,  the  Company acquired the assets and assumed certain
          liabilities  of Internet 2xtreme, an Internet Service Provider ("ISP")
          based  in  northern California. The total purchase price was $735,000,
          which consisted of$17,635 cash and 124,589 shares of restricted common
          stock  valued  at  $186,888.  In  connection with the acquisition, the
          Company  recorded  intangible  assets of approximately $666,000, which
          consisted  of  approximately  4,800  customer  accounts,  website  and
          workforce-in-place,  which  are  being  amortized  over  5  years.

          In  April  2000,  IBII  acquired all of the outstanding stock of Atlas
          Capital Corporation, a mortgage-banking company, for 600,000 shares of
          restricted  common  stock  valued  at  $6,000.  In connection with the
          acquisition,  the  Company acquired assets of approximately $3,183,000
          and assumed liabilities of approximately $3,179,000. The difference of
          $260,000  was  recorded as intangible assets related to acquisition of
          trade  names,  websites, and workforce-in-place and is being amortized
          over  5  years.  In  August  2001  the  Company  sold  Atlas  Capital
          Corporation  with  its  assets  and  liabilities.

          In  October  2000, IBII acquired the auction website operations of the
          Sonic  Auction  Company  for a purchase price of approximately $5,000.
          With  this  acquisition,  the  Company  acquired  a  database  and  a
          functioning  web  auction  site.  The Company issued 500,000 shares of
          restricted  common  stock  to acquire Sonic Auction Company. This site
          ceased  operations  in  March  of  2001.


                                       10
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  2-     BUSINESS  COMBINATIONS  (CONTINUED)

          In  October  2000,  IBII  signed  an  acquisition  agreement  with
          Auction-Sales.Com.  The Company invested $180,000 in Auction-Sales.Com
          and  in  December  2000  rescinded  the acquisition due to undisclosed
          debts.  The  Company sued for the return of the funds and the case was
          remanded  to  arbitration.  The Company lost the arbitration and wrote
          off  the  $180,000  investment.

          In  March  2001,  IBII  ceased  to  operate Global GPP Corporation and
          closed  its  corresponding  operation in Europe. The Company started a
          new corporation, a wholly owned subsidiary, Global Construction Buying
          Group,  whose  main  asset  was the equipment acquired from Global GPP
          Corporation.

          In September 2001 the Company started a new marketing subsidiary 1st 2
          Market  Incorporated  and  ceased operating its predecessor, Allstates
          Communications  Inc.  The  new  subsidiary only marketed the Company's
          products  whereas  Allstates  marketed  cell phones for cellular phone
          companies.

          In September 2001 the Company started Guarantee Capital Group ("GCG"),
          which  acquired  the computer, furniture and processing equipment from
          the  new  owner  of Atlas Capital Corporation for $30,000. In November
          2001  GCG had exceeded the capacity of its mortgage banking line. This
          prevented  the  funding  of  the  balance  of  its processed loans and
          resulted  in  most  of  the  employees  being  laid  off.

          In February 2002 the Company announced that it planned to spin-off the
          Global  Construction  Buying  Group  to its shareholders by the end of
          2002.  This  transaction  was  never  completed.

          In  June  2002 the Company announced that it planned to divest it self
          of  the  GCG subsidiary, and in anticipation of that occurrence ceased
          operations  of  the  on-line  mortgage  lending  group.

          In  June  2002  the  Company  announced  the  sale  of  Ace  Optics, a
          subsidiary  of  GCG,  to  CRT  Corporation for $2,000,000 worth of CRT
          restricted  stock  (2,000,000  shares).

          In  August  2003 the Company acquired Alpha Tooling, Inc. with 190,000
          shares  of  DCM  Enterprises, Inc. stock, as per an agreement with DCM
          Enterprises,  Inc. The Company then transferred Alpha Tooling, Inc. to
          DCM  Enterprises,  Inc.  for  credit towards the debit it had with DCM
          Enterprises, Inc. After October 1, 2003 the transaction was changed by
          agreement  to an Asset Assignment. The Company assigned certain assets
          of Alpha Tooling for credit of $311,639 which reduced the debt owed to
          DCM  Enterprises, Inc. from $760,000 to $448,361. The Company retained
          the  Alpha Tooling Corporation which had assets of $42,050 (which were
          not  assigned  to  DCM  Enterprises, Inc.), and debt of $351,306. (See
          Note  4  Long  Term  Note  for  current  balance  owed.)


                                       11
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  2-     BUSINESS  COMBINATIONS  (CONTINUED)

          In  December  2003  the  Company  acquired  the  assets  of Debit Card
          Marketing  Company Enterprises, Inc. ("DCME") for 60,000,000 shares of
          Global  Debit  Cash  Card,  Inc.  a  subsidiary  of the Company, which
          included  reduction  of the note owed by the Company to $515,000 which
          was  transferred  as  an  asset  to  Global  Debit  Cash  Card,  Inc.

     NOTE  3-     CERTAIN  FINANCIAL  STATEMENT  INFORMATION

<TABLE>
<CAPTION>
                                                                 March 31,    June 30,
                                                                   2004         2003
                                                                ------------  -----------
<S>                                                             <C>           <C>
    Investment in Unconsolidated Companies:
        Stock of PMCC/GNVN . . . . . . . . . . . . . . . . . .  $   194,068   $   194,068
        Stock of CRT/DCM . . . . . . . . . . . . . . . . . . .      515,000     1,517,264
        Stock Distribution DCM . . . . . . . . . . . . . . . .            -      (560,000)
        Purchase of TMR. . . . . . . . . . . . . . . . . . . .      369,175             -
                                                                ------------  ------------
    Total Long Term Investments. . . . . . . . . . . . . . . .  $ 1,078,243   $ 1,151,332
                                                                ============  ============

    Property and Equipment:
        Office furniture and equipment . . . . . . . . . . . .       24,737        47,999
        Machinery and computer equipment . . . . . . . . . . .    3,014,223     3,136,393
        Less: Accumulated depreciation . . . . . . . . . . . .  $(2,987,483)  $(2,243,462)
                                                                ------------  -----------
    Property and Equipment, net. . . . . . . . . . . . . . . .  $    51,477   $   940,930
                                                                ============  ============

    Intangible Assets:
        Capitalized software costs, including websites . . . .  $ 1,270,156   $ 1,270,156
        Subscriber member bases. . . . . . . . . . . . . . . .    1,148,307     1,148,307
        Others, including customer lists, existing technology,
            trade names. . . . . . . . . . . . . . . . . . . .      423,386       423,386
        Less: Accumulated amortization . . . . . . . . . . . .  $(2,756,651)  $(2,287,157)
                                                                ------------  ------------
    Intangible Assets, net . . . . . . . . . . . . . . . . . .  $    85,198   $   554,692
                                                                ============  ============
</TABLE>


                                       12
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  4-     LONG-TERM  DEBT

          Long-term  debt  as  of  March  31,  2004  consists  of the following:

          Certain  Company  assets requiring monthly payments of interest secure
          certain of the notes payable and principal with various interest rates
          and  due  dates.

<TABLE>
<CAPTION>
                 Current
               Portion Due    Paid     Unpaid   Long-term     Total
               -----------  --------  --------  ----------  ----------
<S>            <C>          <C>       <C>       <C>         <C>
    Previous*  $   214,594  $      -  $214,594  $  895,389  $1,109,983
    Interest.       99,164         -    99,164           -      99,164
    DCME**. .            -   135,000         -     768,060     633,060
    Global***            -   369,175         -     369,175           -
    Alpha****            -   159,066         -     348,546     189,480
               -----------  --------  --------  ----------  ----------
    Total . .  $   313,758  $663,241  $313,758  $2,381,170  $2,031,687
               ===========  ========  ========  ==========  ==========
</TABLE>

*    The  Current Portion represents the unpaid amount due which the Company was
     unable  to  pay.
**   The  increase  in DCME long term debt is due to a revised agreement between
     IBII  and  DCME.
***  The  Global  debit  was  reduced  as  per  agreement  and  paid  in  full.
**** The  Alpha  debt  was  per  agreement  with  DCME  and  part  of  the Alpha
     acquisitions  made  by  the  Company.


NOTE  5-     GOING  CONCERN

          The accompanying financial statements have been prepared in conformity
          with  generally  accepted  accounting  principles,  which  contemplate
          continuation  of  the  Company  as  a  going  concern. The Company has
          experienced  significant  losses.  As  of  March  31, 2004 the current
          liabilities  exceed  current  assets  by  $1,538,288.  As shown in the
          financial  statements, the Company incurred a net loss of $838,052 for
          the  third  quarter  of  fiscal  year  ended  June  30,  2004.

          The  future  success  of  the  Company  is dependent on its ability to
          attain  additional  capital  to  develop  its  proposed  products  and
          ultimately,  upon  its ability to attain future profitable operations.
          There  can  be  no  assurance  that  the Company will be successful in
          obtaining  such  financing,  or that it will attain positive cash flow
          from  operations.


                                       13
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  6-     EXTRAORDINARY  ITEM

          The  California  Code of Civil Procedure Section 337 states; "Within 4
          (four)  years,  an  action  upon any contract, obligation or liability
          founded  upon  a  written statement or written contract." The debts of
          companies  (see  Note  1) identified were greater than 4 years old and
          not  enforceable.  Legal  counsel  Edgar Scheck reviewed the debts and
          issued  an  opinion  letter  that  the  prior Company's debts were not
          collectable  based  upon  this  Code  Section  337.  The  Company then
          extinguished  these  debts  and  recognized  the amount of the debt as
          extraordinary  income.  SFAS 125 lists two sets of circumstances under
          which  a  liability  is  not recognized (see below). The second set of
          circumstances states the GAAP basis for which the Company extinguished
          the debt and recognized the debt amount as extraordinary income in the
          fiscal  year  ended  June  30,  1999.

          Per  SFAS  125, defeasance does not result in the extinguishments of a
          liability.  A  liability  is  derecognized  only  if:

          1.  The creditor is paid and the debtor is relieved of the obligation.
          2.   The  debtor  is  released  legally  either  by  the  creditor  or
               judicially  from  being  the  primary  obligor.

          All  gains  and  losses  from  extinguishments, if material in amount,
          receive  extraordinary  item  treatment.

     NOTE  7-     STOCKHOLDERS'  EQUITY

          AUTHORIZED  SHARES

          During  April  2003  the  board  of  directors amended the Articles of
          Incorporation  to  increase  the authorized shares to 2,000,000,000 of
          which  1,990,000,000  are  common  and  10,000,000  are  preferred.

          During  November  2000,  the board of directors of the Company amended
          the  Articles  of  Incorporation  to increase the number of authorized
          shares  of  common  stock  to  349,000,000.


          STOCK  ISSUANCE

          For the quarterly period ended March 31, 2004, the following stock was
          issued:

          180,000,000  shares  of  common  stock  were  issued  as  payment  to
          consultants  in  lieu  of  cash  for  services  provided  pursuant  to
          consulting  agreements.  The  fair value of the shares was recorded as
          prepaid  professional  services and amortized ratably over the term of
          the  contract.  These  shares  were  issued  pursuant  to  a  Form S-8
          registration  statement.


                                       14
<PAGE>


                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  7-     STOCKHOLDERS'  EQUITY  (CONTINUED)

          156,390,807  shares  of  restricted common stock were issued to Global
          Debit  Cash  Card  pursuant  to  the Territory Marketing Agreement, as
          amended  on  March  15,  2004,  in  exchange for the limited exclusive
          marketing rights to sell the debit cards in the states of Colorado and
          Utah  for  a  period  of  ten  (10)  years.

          The Company complies with the provisions of Emerging Issues Task Force
          ("EITF") Issue No. 96-18, "Accounting for Equity Instruments Issued to
          Other  Than  Employees  for Acquiring, or in Conjunction with, Selling
          Goods  or Services" ("EITF 96-18"), with respect to stock issuances to
          such  non-employees,  whereby the value of the services was determined
          as  a  reliable  measurement  of  fair  value.

          See Note 2, Business Combination, for Stock Issuance For Acquisitions.

          PREFERRED  STOCK

          As  of  the  date  of this filing, 1,029,231 shares of preferred stock
          remain  in escrow pursuant to a Collateral Loan Agreement entered into
          between  the  Issuer  and Mercatus Partners Limited, on or about March
          31,  2003.


     NOTE  8-     COMMITMENTS  AND  CONTINGENCIES

          The Company rents its current office space, on a month to month basis,
          in  Las  Vegas,  Nevada,  and has vacated its prior offices located at
          10120  S.  Eastern Ave., Suite 200, Henderson Las Vegas, Nevada 89052.
          The Company has equipment at several facilities that will be relocated
          once  payment  for  the  past  due  rent  is  made.

          During  the  current  fiscal  year,  Globalist  International  won  a
          judgement  against  the Company in the amount of $350,000. The court's
          decision  and the judgement were appealed, and, based upon errors made
          during  the  initial  trial,  the Company believes that this judgement
          will  be  reversed,  a  new trial will be granted and the Company will
          prevail.  This judgement is not reflected on the Company's financials.
          In  the  event  that  the  Company  loses  the  appeal, it will have a
          material  adverse  affect  on  the  Company's  financial  position.

          The Internal Revenue Service has tax liens and assessments against the
          Company and one of its subsidiaries for payroll taxes of approximately
          $800,000  that are reflected as liabilities on the Company's financial
          statements.


                                       15
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  9-     SEGMENT  INFORMATION

          In  accordance  with  SFAS  No.  131, "Disclosure about Segments of an
          Enterprise  and  Related  Information," management has determined that
          there  are  three reportable segments based on the customers served by
          each segment: Full service internet service provider ("ISP"), mortgage
          banking  business  (which  ceased  operation  in  June  2002),  and
          business-to-consumer  ("B2C") provider (which ceased operations during
          fiscal  year  ended  June  2003).  Such determination was based on the
          level  at which executive management reviews the results of operations
          in  order  to  make  decisions  regarding  performance  assessment and
          resource  allocation.

          ISP  serves  customers requiring Internet access in the western United
          States  through  dial-up  and high-speed wireless, web hosting and web
          design (which ceased operations as of June 30, 2003). Mortgage banking
          business  includes  online  mortgage  loan  origination,  processing,
          servicing  and  resales,  (which  ceased operations in June 2002). B2C
          primarily  consists  of  cellular  phone  service origination fees and
          sales  (which  ceased  operation  as  of  June  30,  2003).

          Certain  general  expenses  related  to  advertising  and  marketing,
          information  systems,  finance  and  administrative  groups  are  not
          allocated to the operating segments and are included in "other" in the
          reconciliation  of  operating  income  reported  below. The accounting
          policies  of  the  segments  are  the  same  as those described in the
          summary  of  significant  accounting  policies  (Note  1).

<TABLE>
<CAPTION>
                         Third Quarter Ended March 31,
                              2004          2003
                          ------------  ------------
<S>                       <C>           <C>
    FULL-SERVICE ISP
    NET SALES. . . . . .  $         -   $   106,632
    OPERATING INCOME . .  $  (322,642)  $  (799,687)

    MARKETING (B-TO-B/C)
    NET SALES. . . . . .  $         -   $         -
    OPERATING INCOME . .  $         -   $   (17,615)

    OTHER
    NET INCOME . . . . .  $   633,896   $         -
    UNALLOCATED EXPENSE.  $(1,149,306)  $  (348,535)

    TOTAL
    NET SALES. . . . . .  $         -   $   106,632
    OPERATING INCOME . .  $  (838,052)  $(1,165,837)
</TABLE>

          In  June  2003, management decided to close down the Marketing segment
          of the Company. The debts of the subsidiary were incorporated into the
          parent  Company  and the debt owed to the parent Company of $1,259,236
          was  written  off.


                                       16
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  10-     OTHER  EVENTS

          COMPANY  ACQUISITION

          In  December  2003  the  Company  acquired  the  assets  of Debit Card
          Marketing  Company Enterprises, Inc. ("DCME") for 60,000,000 shares of
          Global  Debit  Cash  Card,  Inc.  a  subsidiary  of  the Company which
          included  reduction  of the note owed by the Company to $515,000. That
          debit  transferred  as  an  asset  to  Global  Debit  Cash  Card, Inc.

          In  August  2003 the Company acquired Alpha Tooling, Inc. with 190,000
          shares  of  DCM Enterprises, Inc. stock. As per the agreement with DCM
          Enterprises,  Inc.  the Company transferred Alpha Tooling, Inc. to DCM
          Enterprises,  Inc.  for  credit  towards  the  debit  it  had with DCM
          Enterprises, Inc. After October 1, 2003 the transaction was changed by
          agreement  to an Asset Assignment. The Company assigned certain assets
          of Alpha Tooling for credit of $311,639 which reduced the debt owed to
          DCM  Enterprises, Inc. from $760,000 to $448,361. The Company retained
          the  Alpha Tooling Corporation which had assets of $42,050 (which were
          not  assigned  to  DCM  Enterprises, Inc.), and debt of $351,306. (See
          Note  4  Long  Term  Note  for  current  balance  owed.)


          MARKETING  AGREEMENT

          In  September  2003  the  Company, through its wholly owned subsidiary
          Global  Debit Cash Card, Inc., a Nevada Corporation ("GLCD") agreed to
          purchase  from DCM the Colorado and Utah territories for marketing the
          CARDS  as  per  the  USA Territory Marketing Representative Agreement.
          Pursuant  to  the  terms  of  the  agreement  GLCD will operate as the
          Territory  Marketing  Representative  ("TMR") in Colorado and Utah and
          license  resellers  of  the  CARDS.  The  Licensed Activated Resellers
          ("LAR")  will  be  licensed  through  GLCD,  the  TMR.

          In December 2003 GLCD acquired the assets of DCM for 60,000,000 shares
          of  GLCD  which  included reduction of the note owed by the Company to
          $515,000,  which  was  transferred as an asset to GLCD. GLCD is traded
          over  the counter (OTC) on the Pink Sheets LLC quotation service under
          the  symbol  "GLCD".

          The  USA  Territory  Marketing  Representative  Agreement  previously
          entered  into  between  the  Company and GLCD was amended on March 15,
          2004, to reflect the receipt of 156,390,807 shares of stock as payment
          in full in exchange for the limited exclusive right to market and sell
          debit  cards  in  Colorado  and  Utah  for  a  period  of  10  years.


                                       17
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  10-     OTHER  EVENTS  (CONTINUED)

          STOCK  REPURCHASE

          In  December  2003  the  Company  reacquired 200,000 shares of DCM for
          200,000,000  restricted shares of IBII. The stock repurchase agreement
          was  modified  to  allow  an  additional  200,000  shares of DCM to be
          repurchased  by  IBII.

          In  September  2003  Company  agreed  to  reacquire the 149,283 shares
          previously  sold  to  the  investor.  The  agreement  provided for the
          issuance  of  560,000  shares  of  DCM  common  stock  in  addition to
          40,000,000  shares  of  restricted  common  stock  of the Company. The
          agreement  also  allows  the  Company  to  purchase  from the investor
          200,000  shares  of the 560,000 shares of DCM based upon the following
          terms  per  quarter:  40,000  shares  of  DCM for 40,000,000 shares of
          restricted common stock of the Company. This agreement to purchase the
          200,000  shares  of  DCM  is  only in effect until DCM begins trading.


          AGREEMENT  BETWEEN  THE  COMPANY  AND  DCM  ENTERPRISES,  INC.

          In DCM's March 18, 2004 8-K Filing, the original agreement between the
          Company  and  DCM  was  amended  as  follows:

          " On June 17th of 2002, DCM Enterprises, Inc. (the "Company" or "DCM")
          entered  into  an  asset  purchase  agreement  with  IBII,  a  Nevada
          Corporation  for  the  purchase  of  assets  consisting  of equipment,
          inventory,  and proprietary information used in the sale of sunglasses
          (hereinafter  referred  to  as  "Ace  Optics").  The  purchase  price
          consisted of 2,000,000 restricted shares of DCM common stock. However,
          due  to  a disagreement with a former officer and director of DCM, the
          Company  was  unable  to  take  control  of Ace Optics. Therefore, the
          transaction  has  been  rescinded.  On August 22nd, 2003, DCM and IBII
          entered  into an agreement to compensate DCM. A copy of this Agreement
          (hereinafter  referred  to  as the "Compensation Agreement") is hereby
          attached  to  this  8K/A  as Exhibit 2.1. Pursuant to the Compensation
          Agreement, IBII has agreed to compensate DCM in the amount of $760,000
          in  either  cash,  DCM stock, or in other assets mutually agreed upon.
          The  amount  owed  under  this  agreement carries a 5% annual interest
          rate.

          Compensation  Agreement  as  follows;  a total of $130,852 in cash has
          been paid, a total of 150,000 shares of DCM shares have been returned,
          and  tools  valued  at $126,846 were transferred to the Company. As of
          March  19,  2004,  the  total  amount  owed  under  the  Agreement was
          approximately  $427,000.  DCM's  Board  of  Directors  approved  the
          Compensation  Agreement.  Albert  Reda,  DCM's  CEO and Director, also
          serves  as  IBII's  CEO,  Secretary,  and  Director.  Matt  Sebal, the
          Company's  other  Director,  has  no  affiliation  with  IBII.


                                       18
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004



     NOTE  10-     OTHER  EVENTS  (CONTINUED)

          In  October  2003,  as  per  the  agreement  with  DCM,  the  Company
          transferred  Alpha  Tooling,  Inc. to DCM in payment of its debit with
          DCM. On October 1, 2003 the transaction was changed by agreement to an
          asset  assignment.  The  Company  assigned  certain  assets  of  Alpha
          Tooling,  Inc.  to  DCM  as payment of $311,639 worth of debt, thereby
          reducing  the  debt  owed  DCM  to  $448,361.

          In  August  2003  the  Company  agreed  to  either provide CRT with an
          alternative  company  or  return  the  stock received since Ace Optics
          ceased  operations  immediately  after  its  acquistion. In lieu of an
          alternative  company,  CRT  and the Company agreed that the balance of
          the  DCME  stock  received  would be returned to CRT. Subsequently the
          Company  acquired  and  then  sold  Alpha  Tooling  to  DCM.


          AUCTION-SALES.COM,  INC.

          On  October  19,  2000,  the  Company  entered  into  a Stock Purchase
          Agreement  with  Auction-Sales.Com,  Inc.  ("ASCI")  and  its majority
          shareholder, Zahid Rafiq (collectively, "Seller"), for the purchase of
          96.62%  of  the  outstanding  and  treasury  shares of common stock of
          Auction-Sales.Com,  Inc.,  a  Delaware corporation. Under the terms of
          the  Agreement,  the  Company was to exchange 11,000,000 shares of the
          Company's  common  stock  for  the Auction-Sales.Com, Inc. shares. The
          Company  spent $180,000 for marketing and subsequently discovered that
          ASCI  had  undisclosed  liabilities  and  was  not  in compliance with
          California  law  regarding  delivery  of  paid  product.

          This  acquistion  was  rescinded  in  December  2000 and the necessary
          documents  were  filed with the SEC. The site was retained pending the
          outcome  of  a  lawsuit  instituted  by  the  Company. The lawsuit was
          subsequently  remanded  to  arbitration  and  the  Company  lost.


                                       19
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.




     ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS

          The  following  discussion  should  be  read  in  conjunction with the
financial  statements  of  the  Company and notes thereto contained elsewhere in
this  report.

          (A)  PLAN  OF  OPERATION

          The  Company  is  currently  not  in  operation.

          The  Company  currently  has  less  then 5 employees and leases office
space  in  Henderson,  Nevada.

          The  Company has equipment at several co-location facilities that will
be  relocated  once  payment  for  the  facilities  is  made.

          (B)  MANAGEMENT'S  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS

          There  was no revenue for the three month and nine month periods ended
March 31, 2004.  During the prior three month and nine month periods ended March
31,  2003,  the  Company still had operating subsidiaries with gross revenues of
$106,632  and  $778,874  respectively.

          Selling,  general  and  administrative  expenses  were reduced for the
three  and  nine  months  periods  ended March 31, 2004 to $283,649 and $632,227
respectively,  from  $1,867,205 and $2,282,647 respectively for the same periods
ended  March  31,  2003.  The  main  reason  for this decrease is the ceasing of
operations.

          The  resulting  loss  for the three month and nine month periods ended
March  31,2004  of  ($838,053) and ($3,567,652), respectively,  when compared to
the  losses  of  ($1,165,837)  and ($3,572,485) reported for the three month and
nine  month periods ended March 31, 2003 were comparable to each other by end of
the ninth month.  The losses at March 31, 2004 were primarily due to the closing
of  the  Company,  and  the  writeoff  of  the  amounts  due  from each segment.


                                       20
<PAGE>

                     INTERNET BUSINESS'S INTERNATIONAL, INC.




     ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS  (CONTINUED)

          (I)  COMPARISON  BY  SEGMENT

          Management  determined  that  there were three reportable segments for
the  quarter  ended December 31, 2002.  However, for the quarter ended March 31,
2004  there  are  only  two  reportable  segments for the Company.  They are the
Internet  service  provider  (ISP)  and  Corporate  (Other).

          Information  on  reportable  segments  is  as  follows:

<TABLE>
<CAPTION>
                         Third Quarter Ended March 31,
                              2004          2003
                          ------------  ------------
<S>                       <C>           <C>
    FULL-SERVICE ISP
    NET SALES. . . . . .  $         -   $   106,632
    OPERATING INCOME . .  $  (322,642)  $  (799,687)

    MARKETING (B-TO-B/C)
    NET SALES. . . . . .  $         -   $         -
    OPERATING INCOME . .  $         -   $   (17,615)

    OTHER
    NET INCOME . . . . .  $   633,896   $         -
    UNALLOCATED EXPENSE.  $(1,149,306)  $  (348,535)

    TOTAL
    NET SALES. . . . . .  $         -   $   106,632
    OPERATING INCOME . .  $  (838,052)  $(1,165,837)
</TABLE>

          ISP

          For the third quarter ended March 31, 2004 the ISP segment recorded no
revenue.  The ISP ceased operations during the previous fiscal year.  Until such
time  as the ISP restarts operations and reacquires its equipment, there will be
no  comparison  of  this  segment's  operations  per  quarter.

          MARKETING

          Marketing ceased operations during fiscal year ended June 30, 2003 and
since  there  were  no plans to restart the operations there will not be segment
comparison  of  the  quarters.


                                       21
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                     INTERNET BUSINESS'S INTERNATIONAL, INC.

     ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS  (CONTINUED)

          OTHER

          Revenues  generated represent either extraordinary income from payment
in full on debt for a reduced amount (with the difference represented as income)
and  from  the sale of fully or partially depreciated equipment where the income
from  the  sale  is  greater  than  the  amount depreciated.  Since there are no
expectations  that furthers sales will occur and that the revenues from previous
operations  are  dissimilar  there  will  be  no  comparison  of  the  quarters.
Amortization  and  Depreciation  of  assets  of  closed divisions represents the
largest  expense  for  the  quarter.

          (II)  LIQUIDITY  AND  CAPITAL  RESOURCES

          Since  the Company is not operating the Company's liquidity would come
from  the  sale  of  its  assets.

          (III)  CAPITAL  EXPENDITURES

          Other  than  as set forth below, no material capital expenditures were
made  during  the  quarter  ended  March  31,  2004.

          (IV)  ACQUISITIONS

          In  August  2003 the Company acquired Alpha Tooling, Inc. with 190,000
shares of DCM Enterprises, Inc. stock, as per an agreement with DCM Enterprises,
Inc.  The  Company then transferred Alpha Tooling, Inc. to DCM Enterprises, Inc.
for credit towards the debit it had with DCM Enterprises, Inc.  After October 1,
2003  the  transaction  was  changed  by  agreement to an Asset Assignment.  The
Company  assigned  certain  assets of Alpha Tooling for credit of $311,639 which
reduced  the  debt owed to DCM Enterprises, Inc. from $760,000 to $448,361.  The
Company  retained  the  Alpha  Tooling  Corporation  which had assets of $42,050
(which  were  not  assigned  to  DCM  Enterprises,  Inc.), and debt of $351,306.

          In  September  2003  the  Company, through its wholly owned subsidiary
Global  Debit  Cash Card, Inc., a Nevada Corporation ("GLCD") agreed to purchase
from  DCM  the  Colorado and Utah territories for marketing the CARDS as per the
USA  Territory Marketing Representative Agreement.  Pursuant to the terms of the
agreement GLCD will operate as the Territory Marketing Representative ("TMR") in
Colorado  and  Utah  and license resellers of the CARDS.  The Licensed Activated
Resellers  ("LAR")  will  be  licensed  through  GLCD,  the  TMR.

          In December 2003 GLCD acquired the assets of DCM for 60,000,000 shares
of  GLCD  which  included reduction of the note owed by the Company to $515,000,
which  was  transferred  as  an  asset to GLCD.  GLCD is traded over the counter
(OTC)  on  the  Pink  Sheets  LLC  quotation  service  under  the symbol "GLCD".


                                       22
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                     INTERNET BUSINESS'S INTERNATIONAL, INC.


     ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS  (CONTINUED)

          (C)  OFF-BALANCE  SHEET  ARRANGEMENTS

          None.

          (D)  SAFE  HARBOR

          Forward Looking Statements.  The foregoing Management's Discussion and
Analysis  of  Financial  Condition  and  Results of Operations contains "forward
looking  statements"  within the meaning of Rule 175 under the Securities Act of
1933,  as  amended,  and Rule 3b-6 under the Securities Act of 1934, as amended,
including  statements  regarding,  among  other  items,  the  Company's business
strategies,  continued  growth  in  the  Company's  markets,  projections,  and
anticipated  trends  in  the  Company's  business  and  the industry in which it
operates.  The  words  "believe", "expect," "anticipate," "intends," "forecast,"
"project,"  and  similar expressions identify forward-looking statements.  These
forward-looking  statements  are based largely on the Company's expectations and
are  subject to a number of risks and uncertainties, certain of which are beyond
the  Company's  control.  The Company cautions that these statements are further
qualified  by  important  factors  that  could  cause  actual  results to differ
materially  from  those  in  the  fo

          competitive  pricing  pressures,  changes  in  the  market  price  of
ingredients used in the Company's products and the level of expenses incurred in
the  company's operations.  In light of these risks and uncertainties, there can
be  no  assurance  that the forward-looking information contained herein will in
fact  transpire  or  prove  to be accurate.  The Company disclaims any intent or
obligation  to  update  "forward  looking  statements".

     ITEM  3.     CONTROLS  AND  PROCEDURES

          (A)  EVALUATION  OF  DISCLOSURE  CONTROLS  AND  PROCEDURES

          The  Company  carried  out  an  evaluation of the effectiveness of the
design  and operation of its disclosure controls and procedures pursuant to Rule
13a-14  under  the  Securities  and Exchange Act of 1934 ("Exchange Act").  This
evaluation  was  done  under  the  supervision and with the participation of the
Company's  President.  Based  upon  the  evaluation,  it  was concluded that the
Company's  disclosure  controls  and  procedures  are  effective  in  gathering,
analyzing  and disclosing information needed to satisfy the Company's disclosure
obligations  under  the  Exchange  Act.


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                     INTERNET BUSINESS'S INTERNATIONAL, INC.


     ITEM  3.     CONTROLS  AND  PROCEDURES  (CONTINUED)

          (B)  CHANGES  IN  INTERNAL  CONTROLS

          There  were  no significant changes in the Company's internal controls
or  in  other  factors  that  could  significantly affect the Company's internal
controls  subsequent  to  the  date  of  their  evaluation.


                                       PART II.

     ITEM  1.     LEGAL  PROCEEDINGS

          There  have  been  no material developments with respect to any of the
legal  proceedings  previously  reported  by  the  Company.


     ITEM  2.     CHANGES  IN  SECURITIES

          During  the  quarter  ended  March  31,  2004,  the  Company  issued
180,000,000  shares  of  S-8  stock  for  services  rendered  to  the  Company.

          During  the  quarter  ended  March  31,  2004,  156,390,807  shares of
restricted  common  stock  were issued to Global Debit Cash Card pursuant to the
Territory Marketing Agreement, as amended on March 15, 2003, in exchange for the
limited  exclusive  marketing  rights  to  sell the debit cards in the states of
Colorado  and  Utah  for  a  period  of  ten  (10)  years.

     ITEM  3.     DEFAULTS  UPON  SENIOR  SECURITIES

          None.

     ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

          None.

     ITEM  5.     OTHER  INFORMATION

          None.


                                       24
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                     INTERNET BUSINESS'S INTERNATIONAL, INC.


     ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

          (A)  EXHIBITS

          Exhibits included or incorporated by reference herein are set forth in
the  Exhibit  Index  following  the  signatures.

          (B)  REPORTS  ON  FORM  8-K

          No  reports  on Form 8-K were filed during the quarter covered by this
Form  10-QSB.




                                   SIGNATURES



     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned,  thereunto  duly  authorized.


                                         INTERNET BUSINESS'S INTERNATIONAL, INC.


     Date:  May  20,  2004               /s/  Albert  R.  Reda
                                         ---------------------
                                         Albert  R.  Reda
                                         Chief  Executive  Officer,  Secretary


                                       25
<PAGE>

                                  EXHIBIT INDEX

Number                           Description
--------------------------------------------------------------------------------

31   Certification  Pursuant  to  Section  302 of the Sarbanes-Oxley Act of 2002
     (filed  herewith).

32   Certification  Pursuant  to 18 U.S. C. Section 1350, as adopted pursuant to
     Section  906  of  the  Sarbanes-Oxley  Act  of  2002  (filed  herewith).


                                       26
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